Leave a Message

Thank you for your message. We will be in touch with you shortly.

See all photos
Listed by Mehdi Mova with Compass 773-482-1917
Mehdi Mova

2631 N 74th Avenue

$799,000 2631 N 74th Avenue, Elmwood Park, IL 60707
Mid-Century Modern four-unit property in a highly desirable Elmwood Park location! Offering more than 5,000 square feet of living space, this fully leased building with 100K in RECENT IMPROVEMENTS presents an outstanding sole investment or owner-live-in opportunity! The current rent roll includes Unit 1 at $1,995 per month, Unit 2F at $1,350, Unit 2R at $1,250, Unit G at $1,250, and the garage at $175. GMR totals $6,020 per month, or $72,240 annually. The property includes six bedrooms and five full bathrooms across four apartments. Each residence has its own thermostat and individually controlled AC unit. Tenants share a basement common area and laundry room with a free, owner-owned washer and dryer. The detached garage accommodates approximately 2.5 cars and is leased separately. The building combines vintage character with thoughtful updates, including striking tiger mahogany cabinetry and stainless-steel appliances. Approximately $100,000 in improvements have been completed since October 2024, with major investments in the property's systems. Updates include a brand-new Weil-McLain gas boiler, a new common water heater with annual service, a full electrical upgrade, sewer-main hydro jetting, camera inspection and repairs, new copper piping in the mechanical room, a new hot-water supply line to the garden unit, and a sprinkler system in the basement common area. Additional improvements include repainting, carpet cleaning, rent-ready repairs, new locks, deep cleaning, and new laminate flooring in Unit 1. Earlier improvements include tuckpointing, glass-block windows, and plumbing work. The building is also a prime value add candidate with large basement common room that can easily become a unit addition. As well as the opportunity for cosmetic upgrades to increase an impressive rent toll. Conveniently located within walking distance of the train, parks, and schools, this well-maintained income-producing property offers a compelling combination of location, vintage character, modernized building systems, and future rental upside.
  • For Sale
    Status
  • 6
    Bedrooms
  • 5
    Bathrooms
  • 1962
    Year Built

Features & Amenities

Area & Lot

  • Status: For Sale
  • MLS® ID: 12767898
  • Type: Multi-Family
  • Year Built: 1962
  • Elementary School:John Mills Elementary School
  • Middle School: Elm Middle School
  • High School: Elmwood Park High School
  • School District: 401

Interior

  • Total Bedrooms: 6
  • Total Bathrooms: 5

Exterior & Building

  • Garage Space: 2.5
  • Water Source: Lake Michigan, Public
  • Parking: Yes, Garage Owned, Detached, Garage
  • Heat Type: Natural Gas, Steam
  • Sewer: Public Sewer, Storm Sewer

Financial

  • Sales Price: $799,000
  • Real Estate Tax: $13,244/yr
  • Zoning: MULTI

2631 N 74th Avenue

Work With Us

Mehdi has built and rehabbed several properties, understanding what it takes to maintain and improve them. His sales background makes him a great negotiator, and he will always work to get his clients the best deal possible.
Contact Us
Follow Us